Monthly Archives: May 2026
GBP gains against JPY, trading just above 213.00 after recovering from earlier 211.78 lows on intervention suspicions
Written on May 1, 2026 at 5:26 pm, by josephine
GBP/JPY rebounded above 213.00 after sharp suspected Japan intervention-driven drop; BoE held rates amid yen volatility.
Following earlier European advances, the yen retreats versus the dollar; USD/JPY rebounds near 156.55, slightly lower
Written on May 1, 2026 at 5:23 pm, by josephine
Yen erased early gains as USD/JPY rebounded amid intervention speculation; focus shifts to US ISM data.
India’s bank loan growth held steady at 15% during April, showing no change from earlier levels
Written on May 1, 2026 at 4:23 pm, by josephine
India’s bank loan growth held steady at 15% year-on-year in April 2020, matching the previous reading.
India’s foreign exchange reserves declined to $698.49B from $703.31B, reported for April 20
Written on May 1, 2026 at 3:59 pm, by josephine
India’s foreign exchange reserves fell to $698.49 billion on April 20, from $703.31 billion previously.
Makhlouf says he will monitor indirect impacts of rising energy costs across production, transport and services
Written on May 1, 2026 at 3:55 pm, by josephine
ECB’s Makhlouf to watch energy-driven cost-push inflation, wage second-round effects, and expectations as euro barely reacts.
With the dollar weakening, the euro trades near weekly peaks around 1.1755, hovering at 1.1742
Written on May 1, 2026 at 3:53 pm, by josephine
EUR/USD climbed to 1.1742 as dollar slid amid intervention fears; Euro inflation, ECB signals, and oil remained key.
Rabobank says the Bank of England held rates, maintaining cautious alertness, while June risks persist amid softer jobs
Written on May 1, 2026 at 3:26 pm, by josephine
Bank of England holds rates, “active hold” stance; RaboResearch sees possible June tightening amid Gulf-driven inflation risks.
MUFG’s Derek Halpenny says Japan likely intervened near 160, buying time amid Middle East and cost pressures
Written on May 1, 2026 at 3:23 pm, by josephine
USD/JPY plunged near 160 on suspected Japan intervention as officials weighed Middle East risks, inflation, holiday liquidity.
During European trading, NYMEX WTI hovers near $102.25, pausing after a fortnight’s rally peaked $107.35 near three-year high
Written on May 1, 2026 at 2:56 pm, by josephine
WTI holds near $102 as Hormuz closure supports prices; central-bank hawkishness raises demand worries; key levels $95-$113.
XAG/USD holds within the low $73s in Europe, after earlier $75 support rejection keeps prices subdued
Written on May 1, 2026 at 2:53 pm, by josephine
Silver slips to low $73s, extending weekly losses as hawkish Fed boosts dollar; key support/resistance outlined.
